A strong quarter for Rank Group

The Rank Group has reported an extremely positive quarter up to March 31, 2022, with group revenue hitting £156.4m against last year’s £48.7m, an increase of 221 per cent.

The company stated: “Our UK venues, Grosvenor Casino and Mecca Bingo, were closed for the entirety of Q3 2020/21. Our Enracha venues in Spain were open for part of the prior year third quarter but under very severe capacity restrictions.

“The most recent comparable non-Covid-19 affected third quarter period is therefore the three months to March 31, 2019. Against that comparative period, Grosvenor venues NGR was down 14 per cent and Mecca venues down 25 per cent. 

“For both our UK venues businesses there was a softness in visits at the end of the quarter consistent with the rise in new Covid-19 cases reported across the UK.

“Enracha venues performance continued to recover, with NGR down just two per cent compared to the same quarter in 2018/19.

“While the recovery is taking time, we believe that in the medium term there remains a strong path to recovery to the pre-Covid-19 levels.

“UK digital NGR was down one per cent year on year.  Grosvenor digital grew NGR by three per cent as it continues to benefit from omni-channel players from our Grosvenor venues. 

“Mecca digital NGR was down 11 per cent due to the anticipated impact of its migration onto the RIDE platform in January. 

“The performance of our remaining digital brands continued to be mixed, with a growth of 42 per cent in our other brands operating on the RIDE platform partly offset by a revenue decline of 25 per cent in the non-proprietary brands following the introduction of affordability restrictions in H1 2021/22 by other operators.”